Former Korean Air vice president Cho Hyun-ah said on Dec. 23 that Korean Air CEO Cho Won-tae has run Hanjin Group not in obedience to the will of the late Hanjin Group chairman Cho Yang-ho and has hindered family conversations related to the management of the group.Her statement, aimed at putting th
Hanjin Group chairman Cho Yang-ho is facing a strong challenge from Korea Corporate Governance Improvement Ltd. (KCGI), a local activist fund which is the second largest shareholder of Hanjin KAL Corp., the holding entity of Hanjin Group, and Hanjin Transportation Co.KCGI is drumming up support for
Jeon Byeong-eal, CEO of POSCO’s trading subsidiary Daewoo International, finally quit after a feud with the group over the steelmaker‘s plan to sell off its stake in a natural gas project in Myanmar.Daewoo International announced that it would appoint Vice President Choi Jung-woo as its new CEO at a
The necessity of social consensus is emerging in the wake of Daum Kakao’s announcement that it will no longer comply with the government’s wiretapping warrants on its users. Daum Kakao announced on Oct. 13 that it will take extra measures on full scale to protect the privacy of the users. The compan